Common use of Price Hold Clause in Contracts

Price Hold. All item prices shall remain set and unchanged for the initial twelve (12) month after the Contract effective date. The net effect of any price changes cannot increase the total cost to the State. After the initial 12 month period, price increases shall be approved by the State of Indiana on an annual basis with valid documentation from manufacturer on list price increase. Price increases per item shall continue to reflect the Contractor's original discount percentage or better. Price change will go into effect 30 days after approval documentation has been sent to Contractor from the State of Indiana.

Price Hold. All item prices shall remain set and unchanged for the initial twelve (12) month months after the Contract effective date. The net effect of any price changes cannot increase the total cost to the State. After the initial 12 12-month period, price increases shall may be approved by the State of Indiana on an annual basis with basis, if accompanied by valid documentation from manufacturer on list price increase. Price increases per item shall continue to reflect the Contractor's original discount percentage or better. Price change changes will go into effect 30 no more than 45 days after approval documentation has been sent to Contractor from the State of Indiana.